Business

Nikola Denies Short Seller's Fraud Allegations


Electric-truck startup Nikola Corp. denied allegations of fraud outlined in a report published this week by short seller Hindenburg Research that has weighed on the company’s stock.


The Phoenix-based company said Friday that the report contained misleading information and that it intends to refer the matter to the U.S. Securities and Exchange Commission.


Nikola also said it has retained a law firm to evaluate taking action, including against the short seller.


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Dozens of new electric-vehicle models are expected to arrive at dealerships in the next few years.


We followed eight Wall Street Journal reporters in four countries to see if they, and the world, are ready to make the switch.






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